National Vision Holdings, Inc. income statement
In fiscal 2025, National Vision Holdings, Inc. reported revenue of $1.99bn, up 9.0% on the year before, operating income of $58.8m (a 3.0% margin) and net income of $29.6m, or $0.37 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2015Jan 2016 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Jan 2021 | 2021Jan 2022 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Jan 2026 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,063 | 1,196 | 1,375 | 1,537 | 1,724 | 1,712 | 2,080 | 1,645 | 1,756 | 1,823 | 1,987 | 2,033 |
| Cost of revenue | 491 | 545 | 637 | 714 | — | — | — | — | — | — | — | — |
| Gross profit | 571 | 651 | 738 | 823 | — | — | — | — | — | — | — | — |
| Selling, general and administrative | 474 | 526 | 600 | 687 | 744 | 725 | 901 | 833 | 905 | 939 | 1,016 | 1,013 |
| Operating income | 45 | 64 | 64 | 42 | 74 | 87 | 175 | 53 | 24 | −10 | 59 | 83 |
| Interest expense | 37 | 39 | 56 | 37 | 33 | 48 | 26 | — | — | — | — | — |
| Income before tax | 5 | 25 | 4 | 5 | 30 | 39 | 149 | 52 | 10 | −26 | 42 | 68 |
| Income tax | 2 | 12 | −39 | −19 | −2 | 2 | 21 | 16 | 6 | 1 | 12 | 18 |
| Net income | 4 | 13 | 43 | 24 | 33 | 36 | 128 | 42 | −66 | −28 | 30 | 50 |
| Diluted EPS | $0.06 | $0.23 | $0.70 | $0.30 | $0.40 | $0.44 | $1.43 | $0.52 | −$0.84 | −$0.36 | $0.37 | $0.62 |
| Diluted shares (average) | 56m | 57m | 62m | 79m | 82m | 83m | 96m | 80m | 79m | 79m | 81m | 81m |
| EBITDA | 89 | 117 | 126 | 117 | 161 | 179 | 272 | 141 | 114 | 81 | 150 | 175 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Jan 2026 | 2026 Q1Apr 2026 | 2026 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 452 | 437 | 510 | 486 | 487 | 503 | 544 | 499 |
| Selling, general and administrative | 234 | 233 | 256 | 247 | 252 | 261 | 256 | 243 |
| Operating income | −9 | −26 | 26 | 16 | 10 | 7 | 45 | 21 |
| Income before tax | −12 | −30 | 22 | 12 | 5 | 2 | 42 | 18 |
| Income tax | −4 | −1 | 7 | 4 | 2 | −1 | 11 | 6 |
| Net income | −8 | −29 | 14 | 9 | 3 | 3 | 31 | 12 |
| Diluted EPS | −$0.11 | −$0.36 | $0.18 | $0.11 | $0.04 | $0.04 | $0.38 | $0.15 |
| EBITDA | 14 | −3 | 49 | 39 | 32 | 30 | 69 | 45 |
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